ORDINANCE NO. 241060
title
Sponsor: City Manager's Office
Approving the Fourth Amendment to the Union Hill Tax Increment Financing Plan; declaring surplus of certain PILOTS on deposit in the Special Allocation and remitting the same to the affected taxing jurisdictions; estimating and appropriating $4,589,700.00 for Union Hill Streetscape Improvements; authorizing the City Manager to execute a redevelopment agreement with the Tax Increment Financing Commission for the implementation of certain public infrastructure improvements contemplated by the Union Hill Tax Increment Financing Plan; and directing the Clerk to send a copy of this ordinance to Jackson County.
body
WHEREAS, pursuant to the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "Act"), the City Council of Kansas City, Missouri (the "City Council") by Ordinance No. 54556 passed on November 24, 1982, and thereafter amended in certain respects by Committee Substitute for Ordinance No. 911076, as amended, passed on August 29, 1991, Ordinance No. 100089, as amended, passed on January 28, 2010, and Ordinance No. 130986, passed on December 19, 2013, Committee Substitute for Ordinance No. 140823, as amended on, June 18, 2015 and Committee Substitute for Ordinance No. 230524, passed on June 22, 2023, and created commission constituted pursuant to Section 99.820.2 (the "Kansas City TIF Commission") and
WHEREAS, the City created the Administrative TIF Commission and has delegated all powers delegable under the Act, in particular powers enumerated in Section 99.820.1 RSMo, in connection with administering tax increment financing plans and projects to the Administrative TIF Commission, as provided in Code ? 74-58; and
WHEREAS, on December 18, 1997, the City Council passed Committee Substitute for Ordinance No. 971698, as amended, which accepted the recommendations of the Kansas City TIF Commission and a...
Click here for full text